Hybrid Electric Vehicle Battery Market Report

The market for advanced hybrid electric vehicle batteries will double from approximately $600 million this year to $1.2 billion by 2009 and is expected to top $2.0 billion by 2012, according to a new study, The 2007 Advanced Automotive Battery Industry Report.

The study analyzes the battery requirements set by all major automakers for HEVs. NiMH is the incumbent technology for these applications due to its proven longevity under heavy usage. However, it has performance limitations at high and low temperatures, and at the OEM cost of $500 to $2,000 per HEV battery pack NiMH batteries are barely affordable to the automakers.

Li-ion batteries – popular in portable equipment communication devices ranging from cell phones to laptop computers – are under intense development and testing by all major automakers for their potential promise in HEV applications. The study finds that recent reliability problems with Li-ion batteries in portable devices are delaying the entry of this higher- power battery chemistry into the HEV market. However, following extensive system verification tests, Li-ion batteries are still expected to enter the market in 2009, achieve a market penetration rate of 15% by 2012, and grow thereafter.

For more information or to purchase the report, contact Advanced Automotive Batteries, phone: (530) 692-0140 or visit www.advancedautobat.com.